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Budget

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Funding for Project Leads

The Project Lead program is based on a cost-sharing model between the MacEachen Institute and participating faculties.ÌýÌý

One teaching release for a 3-credit hour course is valued at $8,000.ÌýÌý

The maximum amount a faculty would contribute to the Project Lead program is $4,000; it could be reduced to $2,000 based on funding opportunities the MacEachen Institute is pursuing.

Tables 1 and 2 present budgets for financing a Joint Project Lead with and without additional funding. The MacEachen Institute will be pursuing additional funding opportunites.

Table 1: Budget showing cost of two teaching releases (in the case of Joint Project Leads), one for each participating faculty,Ìýwith additional funding.

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MIPP

Participating Faculty

Second Faculty

Additional FundingÌý

TOTAL

Participating Faculty Release

$2,000

$2,000

-

$4,000

$8,000

Second Participating Faculty Release

$2,000

-

$2,000

$4,000

$8,000

Junior Fellows

$2,000

-

-

$2,000

$4,000

Project Activities - - - $1,000 $1,000

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Table 2: Budget showing cost of two teaching releases (in the case of Joint Project Leads), one for each participating faculty,Ìýwithout additional funding.

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MIPP

Participating Faculty

Second Faculty

TOTAL

Participating Faculty Release

$4,000

$4,000

-

$8,000

Second Participating Faculty Release

$4,000

-

$4,000

$8,000

Junior Fellows

$4,000

-

-

$4,000

Project Activities $1,000 - - $1,000

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